- Published: May 2012
- Region: New Jersey, United States
Princeton University, New Jersey; Revenue - Higher Education, CP; Revenue - Higher Education, Private Coll/Univ - General Obligation Jun 00
- Published: June 2000
- Region: New Jersey
- Standard & Poors
The rating on New Jersey Educational Facilities Authority's bonds, issued for Princeton University, reflects: Stable enrollment trends and highly selective admissions; Very prestigious academic reputation; Considerable financial flexibility afforded by a diverse revenue stream and substantial liquidity; and Growing, but manageable, debt burden. The bonds are secured by Princeton's GO pledge and will fund several capital projects, including new construction and special renovations of several buildings and the purchase of capital equipment. The outlook is predicated on the expectation that Princeton will continue to exhibit the exceptional demand and financial features that have made it one of the nation's most competitive institutions of higher education. Chartered in 1746 as the College of New Jersey, Princeton is one of the oldest...
Companies mentioned in this report are: Princeton Univ
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SHOW LESS READ MORE >